SB 207 Summary

• Transfers banking and insurance regulatory functions from the Department of Commerce, Community, and Economic Development to the Department of Revenue.

• Moves agricultural duties to the Department of Natural Resources, including the Board of Agriculture and Conservation and the director of agriculture position.

• Establishes the Alaska Tourism Marketing Board and film production promotion program in the Office of the Governor, moving tourism functions from DCCED.

• Transfers economic development loan programs (veterans' loans, alternative energy, tourism, historical district, and child care facility loans) from DCCED to the Department of Revenue.

• Establishes the Alaska Minerals Commission in the Department of Natural Resources and the Alaska Forest Products Research and Marketing Program to coordinate resource development initiatives.